2025-10-28T12:46:30-05:00 2025-06-30 GARY MCGEE & CO LLP 1000 SW BROADWAY SUITE 1200 PORTLAND OR 97205 990 2024-07-01 931190983 THE LIBRARY FOUNDATION LIBR 5032234008 620 SW FIFTH AVENUE 1025 PORTLAND OR 97204 DAN LOVE CENTERWALL EXECUTIVE DIRECTOR 5032234008 2025-10-28 1 YEE LEE MCGEE P01294356 5032222515 2024 2025-03-06 01:10:19Z DAN LOVE CENTERWALL 620 SW FIFTH AVENUE 1025 PORTLAND OR 97204 3452198 0 X WWW.LIBRARYFOUNDATION.ORG X 1995 OR TO ENHANCE MULTNOMAH COUNTY LIBRARY'S INNOVATIVE WORK AND STRENGTHEN OUR LIBRARY SYSTEM. 19 19 9 19 0 0 2399877 2838240 0 0 566774 613907 154 51 2966805 3452198 2560485 2792383 0 0 805711 782711 0 0 108333 462361 470900 3828557 4045994 -861752 -593796 27687284 28892350 1306405 943955 26380879 27948395 X THE LIBRARY FOUNDATION STRENGTHENS OUR COMMUNITY AND CREATES A BRIGHTER FUTURE FOR CHILDREN BY SUPPORTING, EXPANDING AND ADVOCATING FOR MULTNOMAH COUNTY LIBRARY'S INNOVATIVE AND GROUNDBREAKING WORK. GIFTS, LARGE AND SMALL, MAKE THIS WORK POSSIBLE. 0 0 530868 530868 EARLY LITERACY PROGRAMS THAT MOTIVATED FAMILIES TO READ TOGETHER REACHED MORE THAN 100,000 BABIES, YOUNG CHILDREN AND PARENTS. ENGAGING BOOKS, PARENT EDUCATION, AND STORYTIMES ENABLED PARENTS TO BECOME THEIR CHILD'S FIRST, BEST, AND MOST PERMANENT TEACHER. EVERY CHILD A READER REACHED 31,000 YOUNG CHILDREN AND CAREGIVERS, SENDING BOOKS HOME IN 30 LANGUAGES, MOTIVATING FAMILIES TO READ TOGETHER AT HOME. STORYTIMES REACHED 52,000 CHILDREN AND PARENTS AT LIBRARY LOCATIONS, OUT IN THE COMMUNITY, AND AT HOME. THE WIC PARTNERSHIP REACHED 20,000 LOW-INCOME MOMS AND CHILDREN WITH LITERACY EDUCATION. DIA DE LOS NINOS ENGAGED 5,000 CHILDREN AND PARENTS WITH BILINGUAL LITERACY PROGRAMS. THE NEW PARENT PROGRAM SENT 4,900 NEWBORNS AND PARENTS HOME WITH LITERACY EDUCATION AND AN INTRODUCTION TO LIBRARY SERVICES. 342770 342770 SCHOOL-AGE LITERACY PROGRAMS REACHED ALL K-12 STUDENTS IN 7 SCHOOL DISTRICTS WITH BOOKS AND PROGRAMS THAT CEMENT READING SKILLS AND ACADEMIC SUCCESS. SUMMER READING ENGAGED NEARLY 90,000 CHILDREN AND TEENS WITH A FUN INTERACTIVE GAME. LIBRARY CONNECT CONNECTED 115,000 STUDENTS TO LIBRARY SERVICES, INCLUDING RESEARCH CONTENT, HOMEWORK HELP AND TUTORING SUPPORT. 21,000 CHILDREN'S BOOKS IN MORE THAN 30 LANGUAGES WENT HOME WITH TENS OF THOUSANDS OF CHILDREN THROUGH OUTREACH IN THE COMMUNITY, INCLUDING 300 SITES AT PARKS, FREE LUNCH LOCATIONS, COMMUNITY EVENTS, AND HOUSING DEVELOPMENTS. 1286103 1286103 BUILDING PROJECTS - IN 2020, MULTNOMAH COUNTY LIBRARY LAUNCHED A 6-YEAR BUILDING PLAN TO MEET THE 21ST CENTURY NEEDS OF OUR COMMUNITY BY BUILDING OR EXPANDING 8 LIBRARIES, INCREASING OUR SYSTEM'S SPACE BY NEARLY 60%. THIS YEAR, HOLGATE, MIDLAND, AND NORTH PORTLAND LIBRARIES REOPENED, WITH TENS OF THOUSANDS OF CHILDREN AND TEENS ACCESSING CUTTING-EDGE LEARNING ENVIRONMENTS AND INTERACTIVE SPACES MADE POSSIBLE BY DONORS TO THE LIBRARY FOUNDATION. SUPPORT THIS YEAR INCLUDED: INTERACTIVE EARLY LEARNING SPACES ($1,055,500); FLEXIBLE STEAM EQUIPMENT FOR CHILDREN AND TEENS ($89,026); DEDICATED SPACES FOR TEENS TO STUDY, GATHER, AND CONNECT ($39,179); A SECURE OUTDOOR CHILDREN'S GARDEN AT EAST COUNTY LIBRARY ($100,000). 1319416 632642 LIFELONG LEARNING PROGRAMS, WORKSHOPS AND EVENTS REACHED MORE THAN 30,000 TEENS, ADULTS AND SENIORS LAST YEAR, WITH FREE ARTS, CULTURAL, AND HUMANITIES PROGRAMS, INCLUDING EVERYBODY READS, A COMMUNITY-WIDE READING PROGRAM TRANSFORMED HOW STUDENTS AND ADULTS EXPERIENCE READING, WRITING, AND THE WRITTEN WORD. ($180,118); SUPPORT FOR LIBRARY COLLECTIONS AND LOCATIONS. ($152,524); ADVOCACY SUPPORT FOR FUTURE LIBRARY BALLOT MEASURE ($300,000); STAFF TIME AND PROGRAM SERVICES FOR LIBRARY PROGRAMS, COMMUNICATIONS AND ACTIVITIES ($686,774). 1319416 632642 3479157 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 OR X SUSAN MATLACK JONES & ASSOCIATES LLC 5032429360 200 SW MARKET STREET SUITE 1777 PORTLAND OR 97201 BRAD THIES CHAIR 2.00 X X 0 0 0 KORI ALLEN VICE-CHAIR 2.00 X X 0 0 0 PAUL J KELLY JR SECRETARY 2.00 X X 0 0 0 PETER GALEN TREASURER 2.00 X X 0 0 0 WENDY GRUENBERG WRAY TRUSTEE 2.00 X 0 0 0 LUKA ARNERICH TRUSTEE 1.00 X 0 0 0 DAVID BARNARD TRUSTEE 1.00 X 0 0 0 KATHERINE S CAHILL TRUSTEE 1.00 X 0 0 0 SHIAU YEN CHIN-DENNIS TRUSTEE 1.00 X 0 0 0 KRISTIN COLLINS TRUSTEE 1.00 X 0 0 0 YONETTE FINE TRUSTEE 1.00 X 0 0 0 ANNE JARVIS TRUSTEE 1.00 X 0 0 0 JEAN JOSEPHSON TRUSTEE 1.00 X 0 0 0 MIKA MALONE TRUSTEE 1.00 X 0 0 0 SONJA MCKENZIE TRUSTEE 1.00 X 0 0 0 VICTORIA BEJARANO MUIRHEAD TRUSTEE 1.00 X 0 0 0 MOLLY ONO TRUSTEE 1.00 X 0 0 0 JEFF SCHERER TRUSTEE 1.00 X 0 0 0 DAVID L VERNIER TRUSTEE 1.00 X 0 0 0 DAN LOVE CENTERWALL EXECUTIVE DIR. 40.00 X 127308 0 19329 127308 0 19329 1 0 0 0 0 74135 2764105 127676 2838240 613907 613907 OTHER REVENUE 900099 51 51 51 3452198 0 0 613958 2792383 2792383 180171 139862 29465 10844 450902 255659 155569 39674 34092 14498 16330 3264 65818 32293 27659 5866 51728 31909 15605 4214 54340 54340 49755 49755 67859 32947 22699 12213 120544 90841 11194 18509 40184 21689 15113 3382 53871 29077 20261 4533 1649 890 620 139 14573 5018 8773 782 REPAIRS & MAINT. 50040 27009 18820 4211 OTHER EXPENSES 13639 2683 10628 328 RESEARCH & DEVELOPMENT 4446 2399 1673 374 4045994 3479157 458504 108333 792214 682902 1075725 860927 921574 832556 58491 63801 22501 16729 7421 5772 17277477 18677801 6618673 7077845 935709 690746 27687284 28892350 405788 309198 671424 457135 229193 177622 1306405 943955 X 13712729 15923123 12668150 12025272 26380879 27948395 27687284 28892350 X -593796 2108509 52803 X 0 1 X 1 0 X 2344745 2179410 4441248 2399877 2838240 14203520 2344745 2179410 4441248 2399877 2838240 14203520 1762320 12441200 322783 567144 333437 566774 613907 2404045 355 3237 176 154 51 3973 16611538 0.74890 0.73540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 355. 2021 AMOUNT: $ 3,237. 2022 AMOUNT: $ 176. 2023 AMOUNT: $ 154. 2024 AMOUNT: $ 51. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 300000 300000 3637661 3937661 346883 86721 0 0 269706 267250 334962 346883 1218801 1828202 300000 300000 67427 66813 83741 86721 304702 457053 18041759 774186 2115344 1078590 56147 19796552 17269277 13507 1751671 937157 55539 18041759 16129884 419061 1433866 659828 53706 17269277 17957194 260150 -1379293 656534 51633 16129884 14157984 580323 4099080 832355 47838 17957194 0.69000 0.31000 0 0 22501 16729 5772 5772 ALTERNATIVE INVESTMENTS 6810988 F INVESTMENTS HELD FOR PURPOSES OF DEFERRED COMPENSATION 266857 F 7077845 GIFT ANNUITY PAYABLE 2429 LEASE OBLIGATION - OPERATING LEASE 175193 177622 5859951 2108509 296196 52803 2457508 3402443 49755 49755 3452198 4292435 296196 296196 3996239 49755 49755 4045994 PART V, LINE 4: BOARD-DESIGNATED QUASI-ENDOWMENT: AS OF JUNE 30, 2025, THE LIBRARY FOUNDATION BOARD OF TRUSTEES HELD $13,629,756 OF NET ASSETS WITHOUT DONOR RESTRICTIONS, RECEIVED AS BEQUESTS WITHOUT DONOR RESTRICTIONS, AS A QUASI-ENDOWMENT FUND. THIS FUND SUPPORTS FOUNDATION ACTIVITIES, INCLUDING SUPPORT FOR MULTNOMAH COUNTY LIBRARY, AND PAYS FOR A PORTION OF FOUNDATION OPERATIONS. PERMANENT ENDOWMENT: FUNDS DESIGNATED BY DONORS AS ENDOWMENT FUNDS ARE HELD IN PERPETUITY. THE INCOME GENERATED FROM INVESTMENT OF PERMANENTLY RESTRICTED ENDOWMENT FUNDS IS MANAGED BY THE LIBRARY FOUNDATION AND IS USED IN ACCORDANCE WITH THE DONOR'S WISHES TO FULFILL COMMITMENTS TO MULTNOMAH COUNTY LIBRARY. THE LIBRARY FOUNDATION DISBURSES THESE FUNDS IN ACCORDANCE WITH THE BOARD-APPROVED SPENDING POLICY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN THE CARRYING VALUE OF ASSETS HELD IN CHARITABLE TRUSTS 52,803. 1 MULTNOMAH COUNTY LIBRARY 919 NE 19TH AVENUE SUITE 250 PORTLAND OR 97232 936002309 GOV'T 2447213 45170 FMV GIFT CERTIFICATES FOR TANGIBLE ITEMS, MATERIALS, AND SUPPLIES. TO SUPPORT COLLECTIONS, PROGRAMS, AND BUILDING PROJECTS OF MULTNOMAH COUNTY LIBRARY. LIBRARIES YES COMMITTEE 3321 SE 20TH AVENUE PORTLAND OR 97202 800011556 PAC 300000 0 TO SUPPORT LIBRARY BALLOT MEASURE. 1 1 PART I, LINE 2: FOR GRANTS TO THE MULTNOMAH COUNTY LIBRARY, MULTONOMAH COUNTY LIBRARY PROVIDES THE FOUNDATION WITH QUARTERLY SPENDING REPORTS FOR ALL GRANTS AWARDED AND ANNUAL REPORTS ON OUTCOME MEASURES FOR EACH PROGRAM SUPPORTED. FOR GRANTS TO THE PAC, ONCE A BALLOT MEASURE HAS BEEN REFERRED, THE FOUNDATION WORKS CLOSELY WITH ADVISORS TO HIRE A CAMPAIGN MANAGER, WHO THEN BUILDS A CAMPAIGN BUDGET, IDENTIFYING ADDITIONAL RESOURCES THAT WILL BE NEEDED. THE CAMPAIGN MANAGER REPORTS BACK TO PAC OFFICERS, INCLUDING FOUNDATION REPRESENTATIVES, ON REVENUES AND EXPENSES DURING THE CAMPAIGN AND POST-CAMPAIGN. ADDITIONALLY, THE FOUNDATION MONITORS STATE FILINGS IN REAL TIME DURING THE CAMPAIGN SEASON. X 3 82506 MARKET PRICES X PRIZES/SUPPLIES 19 45170 DONOR PRICES 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. APPROXIMATELY ONE WEEK PRIOR TO FILING, THE DRAFT FORM 990 IS SENT ELECTRONICALLY TO ALL TRUSTEES, WITH AN EMAIL CALLING THEIR ATTENTION TO PORTIONS OF THE FORM MOST LIKELY TO BE READ BY THE PUBLIC AND FUNDERS ON GUIDESTAR. IN ADDITION, REPRESENTATIVES OF THE BOARD, APPOINTED BY THE BOARD CHAIR, WILL REVIEW AND DISCUSS, EITHER IN PERSON, VIA TELEPHONE/VIDEO CONFERENCE, OR VIA EMAIL, THE DRAFT IN ADVANCE OF ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, AND KEY EMPLOYEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (2) HAS READ AND UNDERSTANDS THE POLICY; (3) AGREES TO COMPLY WITH THE POLICY; (4) UNDERSTANDS THAT THE POLICY APPLIES TO ALL COMMITTEES AND SUBCOMMITTEES HAVING BOARD-DELEGATED POWERS; AND (5) UNDERSTANDS THAT THE FOUNDATION IS A CHARITABLE ORGANIZATION THAT MUST ENGAGE IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES TO MAINTAIN ITS EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 15A IN 2023-2024, THE BOARD OF TRUSTEES, IN PARTNERSHIP WITH A RECRUITMENT FIRM, CONDUCTED A SEARCH FOR A NEW EXECUTIVE DIRECTOR. SALARY FOR THE NEW EXECUTIVE DIRECTOR WAS DETERMINED THROUGH AN ANALYSIS OF COMPARABLE DATA, REVIEW BY INDEPENDENT FIRM, AND THE DELIBERATION AND DECISION OF THE BOARD OF TRUSTEES. NO CHANGES WERE MADE TO EXECUTIVE COMPENSATION IN 2024-25. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS MAY BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. SUCH REQUESTS ARE CONSIDERED ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 11A: THE FOUNDATION PROVIDED A COMPLETE COPY OF THE DRAFT FORM 990 TO ALL BOARD MEMBERS, EXCEPT THE FOUNDATION, AT THE REQUEST OF CERTAIN DONORS, REDACTED THE NAME AND ADDRESS OF DONORS FROM THE COPY OF ITS SCHEDULE B. FORM 990, PART XI, LINE 9: NET CHANGE IN CARRYING VALUE OF ASSETS HELD IN CHARITABLE TRUSTS 52,803.